Vietnam's goods exports rise 14.5% YoY in H1 2024 to $190.08 bn

01 Jul '24

1 min read

Vietnam's goods exports rise 14.5% YoY in H1 2024 to $190.08 bn

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Vietnam's exported goods worth an estimated $190.08 billion in H1 2024—a YoY rise of 14.5 per cent.
The trade surplus rose to $11.63 billion.
The domestic sector saw exports rise by 20.6 per cent YoY to 53.39 billion in H1, accounting for 28.1 per cent of the total.
The foreign-invested sector saw a 12.3-per cent rise to $136.69 billion, making up the rest.

Vietnam’s exported goods worth an estimated $190.08 billion in the first half (H1) this year—a year-on-year (YoY) rise of 14.5 per cent. The country's trade surplus rose to $11.63 billion, according to the general statistics office (GSO).

The domestic sector saw exports rise by 20.6 per cent YoY to 53.39 billion in H1 2024, accounting for 28.1 per cent of the total.

The foreign-invested sector, including crude oil, saw a 12.3-per cent rise in exports to $136.69 billion, making up the remaining 71.9 per cent.

Processed industrial goods dominated exports, generating an estimated turnover of $166.79 billion.

Imports rose by 17 per cent YoY to $178.45 billion. The domestic economic sector contributed $65.74 billion to the import turnover—a 22.3 per cent YoY increase, while the foreign-invested sector imported $112.71 billion worth of goods—up by 14.1 per cent YoY.

Raw materials for production were the leading import category, accounting for 94 per cent share with a value of $167.73 billion, a domestic news agency reported.

The United States was the largest export market, accounting for $54.3 billion. China was the largest source of goods and services for Vietnam, with imports being worth $67 billion.

Fibre2Fashion News Desk (DS)

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